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Predatory Renting

Federal Protecting Tenants at Foreclosure Act Saves Renters

by Moe Bedard

The federal Protecting Tenants at Foreclosure Act, which was adopted in May, “was a complete game changer for renters,” Marx said. Before this, a foreclosure discontinued the lease and tenants lost the right to stay in their homes.
Marx said the July 13 letter, which was signed by “evictions team lead” Daniel J. Lailer of the [...]

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Apartment renters become victim of predatory landlord

by Moe Bedard

HEMET, Calif. (KABC) — A Hemet neighborhood with a history of financial woes was in even more trouble Monday night. Almost every apartment unit on the 500 block of Mobley Lane has gone into foreclosure. And residents say they’re being told to leave, even if they’ve paid their rent.

Read more from ABC

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Renters Of Homes In Foreclosure Lose Priviliges

by Moe Bedard

“I couldn’t have a pizza. I can’t use the facility. I can’t go to the pool,” Melendez said.
No one, not even a relative, can visit them in the Terracina community. It’s all because the owner, Micki O’Callaghan, is in foreclosure.

WPBF 25 News first reported on O’Callaghan in June. The Homeowner’s Association Security Chairperson, Doug Prince, [...]

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Tenant Protection Act saves this renter

by Moe Bedard

Velquez said that it was about the same time that he discovered the Tenant Protection Act, passed by the Obama administration, which gives tenants whose landlords fall into foreclosure 90 to 120 days to remain on the property even after it is sold.

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Rental Scams on Craigslist

by Moe Bedard

FBI – You arrive at the home on the agreed-upon date, but there’s just one small problem—the house is not actually for rent and its owners know nothing about your agreement.
Craigslist used to be a cool place to find free information on things for sale, rentals and local jobs. But now that place has so many viruses, [...]

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Predatory Landlords: The Latest Foreclosure Scam

by Moe Bedard

By Moe Bedard
The simple act of renting a home for Main Street Americans has become a sick game of “Where’s the foreclosure?” or another popular rental hit, “Let’s see how long we can rent in this home before it falls into foreclosure?”
The scam of renting a home when it is in foreclosure and not paying [...]

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Predatory Renting Extends its Grip to Apartments, Low Income Families

by Moe Bedard

The foreclosure crisis is something we can’t get away from if we tried. It’s on the television each night, in the newspapers and discussed actively online each and every day. And everyone’s got an opinion about the cause and the cure. But I’ve been writing on a different type of crisis, very much related to [...]

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The Tenant Against the Predatory Renter/Realtor

by Moe Bedard

My predatory renting saga continues…
As many of my readers know, I am a renter in foreclosure. Meaning, the home I am leasing for my family and I is in foreclosure.
My landlord, Sherry Mc Coy (who happens to be a California Realtor) is taking my hard earned money that I pay on time every month and [...]

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Meet My New Landlord, Fannie Mae

by Moe Bedard

“While it may be sometimes tougher for us to sell a property when people are in it, we understand that lots of people are in tough situations right now,” said Chuck Greener, a Fannie Mae spokesman. “If a renter wants to stay in their home, we’ll make that happen. And if they [...]

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First let me disclose that I am a “renter” and my investor/landlord/Realtor is being foreclosed on

by Moe Bedard

“I love LA!” Well, at least their new policies in regards to tenant rights of recently foreclosed homes.
However, let me disclose that I am not from Los Angeles, I am from the IE (Inland Empire,CA.) and my city of Corona and County of Riverside has done so little to address the foreclosure crisis that [...]

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Cook County Sheriff Takes Stand Against Predatory Renting

by Moe Bedard

In an op-ed piece in the Chicago Sun-Times explaining his decision, Sheriff Tom Dart said that “too many times,” his deputies have arrived at foreclosed properties to find tenants who have indeed paid their rent. But the property owner hadn’t paid the mortgage, leading banks to foreclose on the property.
LoanWorkout.org has covered the new scam [...]

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I must confess: I am a renter and my landlord is being foreclosed on

by Moe Bedard

I have now officially become a “victim” of the foreclosure crisis. I don’t own a home, I do not have a mortgage and the ironic part of this is that my job actually entails assisting borrowers online that are in foreclosure. 
Never would I have thought that I would be caught with my family in a home that is soon [...]

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Predatory Renting – New Yorker Renters May be the Next Victims of The Foreclosure Crisis

by Moe Bedard

Certain homeowners and investors seem to be collecting rent from unsuspecting renters and forgetting to send their mortgage payment to their lender. I like to call this new unfair and deceptive business practice perpetuated by American consumers, “predatory renting.”

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